TREE NEWS update: BlackRock has purchased 11,100 BTC and 132,800 ETH over the past two days, according to on-chain data. This significant accumulation reflects growing institutional interest in cryptocurrencies. The move comes amid a broader trend of traditional financial giants entering the digital asset space.
BlackRock Buys 11.1K BTC and 132.8K ETH in Two Days
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AI take
The scale of a single issuer absorbing both BTC and ETH in the same window is the notable part: it suggests allocation is broadening beyond a bitcoin-only institutional thesis rather than rotating between the two. On-chain data alone, however, does not distinguish client-driven inflows from the firm's own positioning, which is the detail that would give the numbers real weight. Whether this pace continues across both assets — and whether it tracks sustained demand rather than a short-lived spike — is the open question.
Generated by AI for reference only.
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